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An announcement from Hunting ( (GB:HTG) ) is now available.
Hunting PLC has executed a share buyback program, purchasing 75,242 ordinary shares at an average price of 325.70 pence per share. This move is part of the company’s strategy to optimize its capital structure and enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and market confidence.
The most recent analyst rating on (GB:HTG) stock is a Hold with a £4.80 price target. To see the full list of analyst forecasts on Hunting stock, see the GB:HTG Stock Forecast page.
Spark’s Take on GB:HTG Stock
According to Spark, TipRanks’ AI Analyst, GB:HTG is a Neutral.
Hunting PLC’s stock score of 56 reflects strong revenue growth and a solid balance sheet, counterbalanced by profitability challenges and bearish technical trends. Positive corporate events and a reasonable dividend yield provide some optimism, yet the negative P/E ratio highlights valuation concerns.
To see Spark’s full report on GB:HTG stock, click here.
More about Hunting
Hunting PLC operates in the energy sector, specializing in the supply of products and services to the oil and gas industry. The company focuses on providing tools and equipment essential for the extraction and production of hydrocarbons, serving a global market with a strong emphasis on innovation and quality.
Average Trading Volume: 408,354
Technical Sentiment Signal: Strong Buy
Current Market Cap: £509.5M
Learn more about HTG stock on TipRanks’ Stock Analysis page.